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Marias earned income for 2019 was $75,000 and her pension adjustment was $11,600. Her unused RRSP deduction room carried forward from 2019 was $10,000. The
Marias earned income for 2019 was $75,000 and her pension adjustment was $11,600. Her unused RRSP deduction room carried forward from 2019 was $10,000. The RRSP dollar limit for 2020 is $27,230. Which of the following statements is true? Question 3 options: a)
Marias deduction limit for 2020 is $27,230.
b)
If Maria makes a $10,000 contribution to her RRSP in 2020, her unused RRSP deduction room to carry forward for 2021 will be $13,500.
c)
Maria will have to pay a penalty if she makes a $14,000 contribution to her RRSP in 2020.
d)
If Maria makes an RRSP contribution of $13,900 during 2020, she can deduct the full amount on her 2020 tax return.
Marias earned income for 2019 was $75,000 and her pension adjustment was $11,600. Her unused RRSP deduction room carried forward from 2019 was $10,000. The RRSP dollar limit for 2020 is $27,230. Which of the following statements is true?
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Precalculus
Authors: Michael Sullivan
9th edition
321716835, 321716833, 978-0321716835
